in a time of change
The people who work at Metalloinvest are boosting the Company to industrial leadership through the development and transformation of production. In an era of digital transformation, miners and steelworkers preserve their allegiance to the profession and loyalty to the common cause, just like the previous generations who worked at the plants. Times are changing, but the core element remains: employees united by a common goal. A new digital era has arrived, an era of transformation. These changes will be successful if people are prepared to expand their horizons and learn new skills.
What are the Company’s
key development priorities?
Our key development priority is undoubtedly production safety, protection of the lives and health of our employees, reducing our environmental impact, cutting emissions and waste, and ensuring sustainable development in the regions where we operate.
Metalloinvest aims to be a leader in the metals and mining industry, and we are keen to strengthen our position in the high-quality and high value-added product markets.
We also want to be a leader in digital transformation and be an example to
industrial companies in other sectors.
Why is the Company’s transformation
programme is so relevant now?
We live in a fast-changing world. It is vital to be able to react to the changes taking place around us, guided by reliable data. We have to work closely with customers and suppliers and adapt to new market trends more quickly than we did in the past.
That is why we have launched the Industry 4.0 programme. For such major transformational change to business processes we need the energy and enthusiasm of all the employees of our large Company without exception. The results which have emerged so far confirm that we are on the right track.
The Company is becoming dynamic, allowing us to react immediately to current challenges and take advantage of new opportunities. The collaboration between our divisions and enterprises is taking on a new level, increasing the accuracy of planning and management efficiency.
CEO of Management Company Metalloinvest
What were the Company’s
key operating results achieved in 2018?
In 2018, we achieved record production volumes of highly processed iron ore products – pellets and HBI/DRI. Production of these products has increased respectively by 27.7 million tonnes and 7.8 million tonnes. Steel production increased by 6.2% to 5.1 million tonnes. This growth, in turn, was ensured by an increase in pig iron production to 3 million tonnes.
The Company’s success is down to its use of advanced technologies in production, efficient investment policy and, most importantly, the professionalism of employees at Metalloinvest’s enterprises.
Our workforce of several thousand likeminded employees is the main source of the Company’s success and positive results.
First Deputy CEO, COO
What are Metalloinvest’s
key market advantages?
We are observing a sustainable growth of global demand for high-quality iron ore raw materials and rolled steel. The Company has advanced highly-efficient production capabilities and is ready to meet this demand.
We supply customers with iron ore and metallised raw materials with high Fe content and low impurity levels. Using our products enables steelmakers to reduce their atmospheric emissions.
The key challenge in the Steel Segment is to increase sales of high-quality steel while enhancing product characteristics and increasing our client focus. Our longstanding partnerships with key clients, constantly increasing output of high value-added products and the stability of our supplies guarantee the Company’s competitiveness.
First Deputy CEO, Sales Director
ABOUT THE COMPANY
Metalloinvest is a metals and mining company covering all stages of the production chain. Its diversified portfolio of high value-added products has made it a leading manufacturer and supplier of iron ore and metallised products, and a regional leader in the manufacture of high-quality steel.
Unique resource base
- №2 in the world) by proven and probable reserves
- 14.0 billion tonnes proven and probable reserves
- 138 years of reserve life
Low and controllable cash costs
- Advanced production technologies
- Use of low-cost magnetic separation in iron ore beneficiation
- Low operating costs for shipping iron ore
- Availability of required infrastructure (natural gas and power grids, roads)
High degree of vertical integration and focus on high value-added products
- №1 producer of commercial HBI
- №2 producer of pellets globally
- №1 producer of HBI/DRI in Russia and Europe
- №1 exporter of pig iron globally
Diversified sales geography and strong customer focus
- >50 major customers around the globe
- Production capacity upgrades to meet evolving customer needs
- Extensive R&D to drive quality improvements and product innovation